Developer kit to allow Card.io-based credit card scanning
Payment service PayPal has launched a new software development kit for Android. Following on from the iOS version launched in March, the Android SDK will allow developers to integrate PayPal payments into their apps, providing them with an alternative payment processing system to Google Play, and the option to pay for in-app items or services by credit or debit card.
Google Wallet Card could have acted as credit card proxy
Google is dropping its proposals to augment its Google Wallet payment system with a physical card, ahead of changes expected to be announced at Google I/O, according to reports. The news comes at the same time as the head of Google Wallet itself, Osama Bedier, will be leaving the company to pursue "other opportunities."
Initial roll-out in UK uses new Chip & Pin device
PayPal is rolling out a new version of its Here mobile payments system for Europe. Starting in the UK, the payments service will be providing businesses a pocket-sized device that will offer Chip & PIN protection for payments through a retailer's mobile phone, instead of the triangular attachment used in the United States.
Mobile payments deemed 'fundamentally unprofitable'
Payment processor VeriFone is withdrawing from the mobile card payments market, citing "razor-thin margins." The decision to shutter Square-competitor Sail came to light during a quarterly conference call, with CEO Doug Bergeron calling the market for low-volume merchant processing as "fundamentally unprofitable."
Mobile payment system increases by five times in one year
Mobile payments system Square has reached a total of $10 billion in payments for the year. The company has increased its rate of payments from $5 billion in the sprint, and is up from the $8 billion figure two months ago. At this time last year, Square was passing just $2 billion in payments per year.